US riots: Fires burn near the White House as George Floyd protests turn violent June 1, 2020 Fires broke out near the White House and police clashed with demonstrators across the US last night as riots sparked by the death of George Floyd in police custody raged on. Troops were deployed in 15 US states and Washington DC as thousands defied curfew and took to the streets amid rising anger about race [...]
City urges government to hand coronavirus loans to firms hit by EU state aid rules June 1, 2020 UK business groups have urged the government to find a way around EU state aid rules that have stopped British businesses from receiving coronavirus loans. The CBI, British Retail Consortium and UK Hospitality have written to economic secretary John Glen urging him to extend the coronavirus loans scheme to firms that have failed to secure [...]
Ted Baker seeks £95m coronavirus rescue raise as it books £80m loss June 1, 2020 Fashion retailer Ted Baker today set out plans to raise £95m in rescue cash to fund its escape from the coronavirus crisis, as it revealed losses amounted to almost £80m last year. Ted Baker, which was hit by a scandal in 2019 after its founder quit over allegations of misconduct, is selling cut-price shares to [...]
Primark set to reopen all English stores on 15 June June 1, 2020 High-street stalwart Primark is seeking to reopen all of its 153 stores in England by 15 June, its owner Associated British Foods said today. The announcement came after the UK government reiterated its “roadmap” for reopening the economy. It said non-essential retailers can open from the middle of this month after a lengthy period of [...]
Losses at UK’s top restaurants jump to £151m June 1, 2020 Losses at the UK’s top 100 restaurants increased to £151m last year, a figure that will only worsen as the industry grapples with the impact of the coronavirus. Figures from accountancy group UHY Hacker Young show a 94 per cent increase in losses, from £78m the year before. The government has tentatively set out plans [...]
Exclusive: Financial services firms unlikely to return to the ‘old normal’ June 1, 2020 The coronavirus crisis is likely to accelerate the adoption of technology within financial services, according to accountancy firm EY. In an EY poll of more than 200 financial services firms, almost two thirds of respondents think the workplace will fundamentally change after the pandemic. A further 30 per cent expect moderate change. Simon Turner, a [...]
SpaceX astronauts arrive at ISS in historic moment for private spaceflight May 31, 2020 The first US space mission since 2011 has reached its destination, the International Space Station, NASA has confirmed. Astronauts Doug Hurley and Bob Behnken entered the ISS at around 6pm UK time, having docked at the ISS a few hours earlier. In doing so, they have become the first astronauts to reach the station via [...]
Coronavirus: 2m ‘shielding’ in UK allowed outside from Monday May 31, 2020 Over 2m people in England who have been “shielding” from the coronavirus pandemic due to being deemed extremely vulnerable will be allowed outside for the first time in 10 weeks from Monday. Yesterday the government announced that those who have been following the protocols will be able to go out with members of their family, [...]
Coronavirus: UK death toll rises by 113 to hit 38,489 May 31, 2020 A further 113 people have died of coronavirus in the UK, the Department of Health announced this afternoon. In total, that means as of 5pm yesterday, 38,489 people have been killed by the disease in this country. A further 1,936 people have tested positive for the disease, taking the total number of positive cases to [...]
Jim O’Neill: Project Birch must come with conditions attached May 31, 2020 Former Treasury minister and architect of the Northern Powerhouse project Jim O’Neill has said the government’s Project Birch bailout plan must come with conditions attached for the businesses involved. Speaking to the Telegraph, O’Neill also called for “great conditionality” to be attached to the scheme, which is expected to provide support for strategically key firms [...]